Press Release

VIS Matures Rating of Short Term Sukuk 1 of Pakistan Telecommunication Company Limited

Karachi, June 27, 2024: VIS Credit Rating Company Limited (VIS) has matured rating of Pakistan Telecommunication Company Limited (‘’PTCL’’ or ‘’the Company’’) Short Term Sukuk (STS-1) issue amounting to PKR 5.0 bln. Issuance and maturity dates of the instrument were December 20, 2023 and June 20, 2024, respectively. Previous rating action was announced on May 27, 2024.

For further information on this ratings announcement, please contact 021-35311861-64 or email at info@vis.com.pk.




























Applicable Rating Criteria:
Industrial Corporates
https://docs.vis.com.pk/docs/CorporateMethodology.pdf
Rating the Issue
https://docs.vis.com.pk/docs/Rating-the-Issue-Aug-2023
VIS Issue/Issuer Rating Scale
https://docs.vis.com.pk/docs/VISRatingScales.pdf

Information herein was obtained from sources believed to be accurate and reliable; however, VIS Credit Rating Company Limited (VIS) does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. VIS, the analysts involved in the rating process and members of its rating committee do not have any conflict of interest relating to the rating(s)/ranking(s) mentioned in this report. VIS is paid a fee for most rating assignments. This rating/ranking is an opinion and is not a recommendation to buy or sell any securities. Copyright June 27, 2024 VIS Credit Rating Company Limited. All rights reserved. Contents may be used by news media with credit to VIS.